Japanese IT equipment and services company, Fujitsu Ltd recently said that it would halve its office space in three years as it rewrites the way employees work under a “new normal” amid the coronavirus pandemic.
The company said its roughly 80,000 group employees in Japan would work flexible hours, and work-from-home would be standard wherever possible.
“We will overhaul our current work, allowance and welfare framework that is based on the assumption that employees commute to designated offices every day,” Hiroki Hiramatsu, Head of Human Resources told a news briefing.
Fujitsu has sold or ditched money-losing hardware businesses such as laptops and smartphones in recent years to focus on software services, a business relatively easy to conduct remotely.
While reducing office space, the company plans to launch satellite offices in areas where many employees reside and sign up with more shared workspace providers, Hiramatsu said.
The recent development at the Japanese multinational company comes at a time when the coronavirus pandemic has altered the way people work and businesses are conducted. Many organizations around the world are contemplating reducing their office spaces and invest more in technology that helps them enable remote working efficiently.
Indian IT services firm TCS has recently said that it plans to move its 75% of workforce for remote working permanently and only 25% of its staff would be required to come to office. Along with TCS, Twitter and Square, both companies managed by Jack Dorsey have given its employees permanent work from home solutions except when required to come.
However, this ‘new normal’ has certainly added to the woes of the real estate industry. With companies ditching on work spaces, investments in the real estate sector have an uncertain future ahead.
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